First I have owned since IPO and am still a little freaked about the large drop. Who likes loosing money. However, I've owned TNH and seen it go from 100 to 300 then back to 200 etc. This is a low float highly volatile stock. I would be interested to know whether anyone can correlate anticipated interest rates to the movement in RNF since many perhaps own this as a substitute for bonds. JNK has been going down as well but more slowly. Personally I own it as an Ag derivative play.
Used to work on Wall Street (financial graphics) believe me you have no idea where the "big boys" are and remember ALL media owned by the few "at the top" (did the research long ago) but see who owns Dow Jones - dow Jones publications, cme group, WSJ, Barrons, Market watch, MSNBC and on and on and on... all rigged so trying to figure out why is almost impossible.
yep... looks like the fast money has come and gone... let's see how the next few days play out. I'm wondering if it was the TNH cash distribution announcement that caused this sell off. Anyone just scanning headlines might think a down trend in TNH distributions might not bode well for RNH without digging deeper? just a thought...
from motley fool
"Terra Nitrogen (NYSE: TNH ) has declared its cash distribution for 4Q 2012. The company will pay $3.63 per unit on Feb. 28 to holders of record as of Feb. 19. That payout is the lowest since February 2011, when it amounted to $1.36 per unit. The company paid between $4.00 and $4.53 in the four quarters of 2012. The current distribution, when annualized, results in a yield of 5.9% on the current unit price.
As a limited partnership, Terra Nitrogen's distributions depend on its operating performance.
The company is scheduled to post its Q4 and fiscal 2012 results after market close on Feb. 19."
Any drop is a buying opportunity in my opinion . We make new higher highs after the drop .Great buying opportunity ..looks like we hit the bottom .if we close in green today then this will be very bullish .a high volume reversal . Next high for me is $55 .